LL Cool Chea,
Danaher has definitely faced more opposition in the last few years as money has gotten cheaper and there are more players in the PE market. They have had to be a little more selective, as they don’t want to pay a premium for a business simply because there are more interested parties. I believe they also have focused more on businesses where they can provide more synergies than other buyers, allowing them to value the assets higher.
Great review Bass. I don’t do a lot of international travel, but if i did, Emirates sounds like a winner.
I do wonder though, if there is a tradeoff between the cost of upgrading to the newest fuel-efficient planes and the fuel they save. I wonder if they have a good mechanism for disposing of planes more quickly than other airlines. My guess would be they sell them to other airlines at an early enough age where they still hold good value, though I’m not sure.
Great example! I have often felt like the main reason GNC continued its brick and mortar approach was to continually cross-sell people on new products, especially GNC’s internally produced products, which I’m assuming they have larger margins on. I have yet to go and shop at a GNC without being asked to try a different brand or product than what i came in to get.
I believe they have expanded to Boston! My wife and i love the service. I love the parallel between them not having physical grocery stores, yet eliminating physical grocery stores. Great work!
I definitely love the Bonobos model. I believe they went after men partially because the space is less crowded, but also because they are underserved. It is interesting how they are able to innovate by eliminating services we take for granted, like being able to go home with your clothes after you shop.
I think Aldi is a great example of this. Identifying what activities are value add to the customer, and literally eliminating everything else! Possibly even the anti-Whole Foods.